Tuesday, November 01, 2016

Health Care Costs

Opponents of Obamacare are outraged because people on the exchanges are going to see premium increases of 25% this year. I would respond by saying that people on the exchanges should consider themselves fortunate.

Our employer-provided health insurance premium is increasing 35% this year. With the addition of copay and deductible increases, our overall increase in health care costs will be about 42% in the coming year, assuming that the amount of health care that we require remains constant.

And before you blame the employer, the percentage paid by the employer this year is the same as it was last year. These increases are from the insurance company.

1 comment:

  1. bruce8:39 AM

    Yes, same here. My current plan cost goes up 35% next year, all increase paid by the employee, the employer share stays the same. I changed plans (after checking that the same doctors are on it) to mitigate the extra premium cost.

    One of the factors of the extra cost is my children are still on it. Otherwise they have nothing. That will change as they get older, but for now it's a benefit to them, especially the younger one who is autistic.